Pound Sterling Price News and Forecast: GBP/USD holds to gains below 1.2600
|GBP/USD Price Forecast: Holds to gains below 1.2600
The British Pound trims some of its earlier gains versus the US Dollar after the Bank of England (BoE) held rates steady and pushed the GBP/USD toward its daily high of 1.2664. However, once the dust settled, the pair retreated below 1.2600, trading at 1.2578 at the time of writing. Read More...
Pound Sterling falls back after BoE leaves interest rates at 4.75%
The Pound Sterling (GBP) falls sharply against its major peers in Thursday's early North American after the Bank of England (BoE) leaves interest rates unchanged at 4.75%, as expected. The British currency faces a sell-off as three out of nine members of the Monetary Policy Committee (MPC) proposed a 25-basis points (bps) interest rate reduction. Only policymaker Swati Dhingra, who has been consistently supporting a more expansionary policy stance, was expected to propose an interest rate cut. However, policymaker Alan Taylor and Deputy Governor Dave Ramsden also supported a dovish decision. Read More...
GBP/USD edges higher to near 1.2600 ahead of BoE rate decision
GBP/USD gains ground after declining more than 1% following the Federal Reserve’s (Fed) hawkish cut on Wednesday, trading around 1.2590 during the Asian hours on Thursday. The Pound Sterling (GBP) gains upward support as the Bank of England (BoE) is anticipated to keep interest rates unchanged later in the day while remaining focused on addressing elevated domestic inflation. Read More...
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